New HMDA Reporting Requirements – Demographic Information Addendum to the 1003
•Properties that will remain encumbered with PACE obligation after closing are not eligible for FHA mortgage insurance.
Important Information about Texas Section 50(a)(6) loans in 2018.
As an update to Program Update 17-29, Lenox/WesLend will now be accepting loan submissions for FHA and VA files using 2018 loan limits.
Investment Property? WesLend Portfolio Investor Program Fund your deal using only the cash flow of the subject property (DCR – 1.0) No income/No Employment verification. Interest Only – available
Conforming Loan Limits Increase for 2018:
Effective immediately: WesLend will begin accepting Best Efforts Locks and Loan Submissions on Conventional Loans using the 2018 Conventional Conforming loan limits.
New Program: WesLend Jumbo Lenox/WesLend is excited to offer our New WesLend Jumbo program. This program will give our broker partners yet another jumbo/non-conforming program option. Some highlights include: 90% LTV/CLTV for purchases $2.5 million max loan amount available Up to $500,000 cash out amount Texas 50(a)(6) transactions – Allowed Up to $250,000 cash out limit HomeReady and Home Possible Lenox/WesLend is pleased to…
Conventional Conforming Fixed DU, Florida Condominiums, Lender Paid Mortgage Insurance – LPMI and more…
In an effect to provide accurate information to the borrower at the time of Lender’s initial disclosure, WesLend is making a few changes to our pre-lock submission policy.
All Conforming Programs Due to increased compliance issues with smaller loan amounts, all conforming products, conventional and government, except for the HECM …USDA-Guaranteed Rural Housing Progam